New Zealand: Lowest farmgate milk price in 13 years

New Zealand’s dairy production is predicted to fall by 2-3% for the 2015-16 season with Kiwi farmers culling cows and cutting spending on feed and fertiliser. As their season gets underway with the arrival of the southern hemisphere spring, farmers in NZ are facing the prospect of the lowest farmgate milk price in 13 years. For younger, often more financially vulnerable farmers and sharemilkers, it will be the lowest milk price they’ve ever experienced. Farmers and New Zealanders in gen